Top 10 Business Loan Apps in India (Up To 5 Lakh)

Sometimes you need an urgent business loan to run the business. But it’s hard to get the loan quickly. Don’t worry. We will give a quick solution.

Get an instant business loan of up to 5 lakh without going brunch. In this post, we are going to cover the top 10 business loan apps in India.

The Top 10 Business Loan Apps in India

Loan AppsInterest RateTenureLoan Amount
Navi12-30% per annum3 to 60 monthsRs. 10,000 to 5 lakh
Paytm Business LoanUp to 36% p.a.Up to 365 daysRs. 10,000 to 5 lakh
Money View1.33% per month6 months- 5 yearsRs. 5,000 – Rs 5 lakh
Truecaller16%  per annum3 months to 36 monthsRs. 10,000 to  5 lakh
SimplyCash25% p.a.6 months to 24 monthsRs. 50,000 to  1.5 lakh
BharatPe21% to 30% p.a.3 months to 15 monthsUp to 7 lakh
MoneyTap13-18% p.a.2 months to 36 monthsRs. 3000 to 5 lakh
Zincash16% to 36% p.a.180 days to 18 monthsRs. 10,000 to 2 Lakh
Kreditbee0% to 29.95% p.a.2 months to 15 months.Rs. 1,000 to 2 lakh
Cashe2.75% per month90 days to 1.5 yearsRs. 9,000 to 4 lakh

1. Navi

Paperless loans from Navi are available up to Rs. 5 lakh. After submitting your completed KYC documents, a loan will be sent directly to your bank account.

A loan amount from Navi is processed instantly online. To be clear, this is not a secured loan. Loans from Navi are fast and require just the minimum necessary documents.


  • Users must be Indians.
  • The applicant must be at least 18 years old.
  • A good Cibil history is required for quick approval.
  • A cibil score of at least 700 is necessary.
Interest rate12-30% per annum
Loan AmountFrom Rs. 10,000 to 5 lakh
Credit ScoreMinimum 650 or above
Approval ProcessOnline
Loan TenureFrom 3 to 60 months
Eligibility Age18 to 65 years
Processing Fees2.5% of Loan Amount + GST Charge
Who Can ApplySelf-Employed/ Salaried Person/ Student

2. Paytm Business Loan

Paytm is India’s most popular mobile payment platform. Among Indians, it is the most valued and frequently used online payment system. From mobile payments and e-commerce to banking and insurance, it has you covered in every possible way.

Paytm now allows borrowers to get a business loan of up to Rs. 5 lakh without submitting any paperwork.


  • This loan is solely available to business owners.
  • This loan requires a Paytm account. Paytm is only giving this loan to current Paytm customers who do monthly transactions using Paytm.
  • This loan requires a CIBIL score.
Interest rateUp to 36% p.a.
Loan AmountUP to 5 lakh
Loan TenureUp to 365 days
Income RequiredNIL
Processing Fees2% of the loan amount + GST
Eligible ForSelf Employed Businessman
Also Read: How to get a loan to start a business

3. Money View

Money View offers instant personal loans for loan amounts up to Rs. 5 lakhs with terms of up to 5 years starting at a 1.33% per month interest rate. Those searching for unsecured loans can check their eligibility in less than 2 minutes and get their loan cash within 24 hours if approved. The full loan application and repayment process are completed online.

Money View has developed an alternative credit-scoring system to make it simpler for applicants with poor credit to get personal loans.


  • The user must be a citizen of India.
  • Someone must be a salaried employee, a self-employed individual.
  • You should be between the ages of 21 and 57.
  • Your pay should be at least Rs. 13,500 per month.
  • A Cibil score of 730 or above is necessary.
Loan amountRs. 5,000 – Rs 5 lakh
Loan tenure6 months- 5 years
Interest rate1.33% per month
Processing fee2% – 5% of the loan amount
Age Required21 – 57 years 
Cibil Score Yes
Eligible ForSalaried / Self Employed / Student 

4. Truecaller Loan

Truecaller is a popular caller identification app that provides fast personal loans ranging from Rs. 10,000 to Rs. 5 lakh. Apply for a Truecaller loan with basic documentation and receive immediate approval.

This lender charges an annual interest rate of 16%.


  • You must be at least 18 years old to apply.
  • Non-metro cities demand a monthly salary of Rs. 15,000, Mumbai/Delhi/NCR cities require a monthly salary of Rs. 30,000, and other metro cities require a monthly salary of Rs. 20,000. The same income is necessary if you are a business owner.
  • A cibil score of 650 or above is necessary.
  • It is necessary to have a good credit history.
Interest rate16%  per annum
Loan AmountFrom 10,000 to  5 lakh
Credit ScoreMinimum 650 or above
Loan TenureFrom 3 months to 36 months
Eligibility Age18 years or above
Income RequiredRs. 15,000/- Per month
Processing FeesCharged Dynamically
Eligible ForSelf-Employed/ Salaried Person

5. Simply Cash

SimplyCash, an online personal loan program sponsored by Hero FinCorp, will assist you in getting a quick personal loan.

Get a fast personal loan with a low-interest rate of up to 1.5 lakh.


  • The applicant’s age must be between 21 and 58.
  • The monthly minimum income should be Rs.15,000.
  • A mobile number connected to Aadhaar is necessary.
  • Good credit history or a track record of timely loan repayment is necessary.
  • Company information is required if you are a salaried employee.
Interest rate2.08% per month or 25% p.a.
Loan AmountFrom 50,000 to  1.5 lakh
Credit ScoreMinimum 650 or above
Loan TenureFrom 6 months to 24 months
Eligibility Age21 to 58 years
Income RequiredRs. 15000/- Per month
Processing Fees2.5% + GST
Eligible ForSelf-Employed/ Salaried Person
Also Read: 5 tips to grow your small business

6. Bharatpe Loan

BharatPe is a free payment software platform that allows you to accept UPI and card payments from any app. Furthermore, using its app, Bharatpe offers quick personal loans of up to Rs. 7 lakh.

Bharatpur’s personal loan interest rate is 24% p.a., which is among the lowest in India.


  • You must be at least 18 years old.
  • A source of revenue is required.
  • A valid bank account is necessary.
  • To obtain a BharatPe loan or BharatPe Card, you must complete at least 25 transactions through the BharatPe app. 
Interest rate21% to 30% p.a.
Loan AmountUp to 7 lakh
Approval ProcessOnline
Loan Tenure3 months to 15 months
Processing Fees0% to 2%
Eligible ForSalaried Person/ Self Employed

7. Money Tap

MoneyTap provides quick loans throughout India. MoneyTap offers loans of up to 5 lakh rupees. To apply for a loan, you only need a few papers.

The loan is being processed in 24 hours. And the entire procedure is conducted online. You may apply from the comfort of your own home.


  • You must be self-employed or a Salaried person.
  • Your minimum and maximum ages should be 23 and 55, respectively.
  • A monthly income of Rs. 20,000 is required.
  • A salaried employee should have at least 6 months of experience in the same job and a total of 2 years of work experience.
Interest rate13-18% per annum
Loan AmountFrom 3000 to 5 lakh
Approval ProcessOnline
Loan TenureA minimum of 2 months and a maximum of 36 months are required.
Eligibility Age23 years to 55 years
Source of IncomeSalaried Person or Self Employed
Monthly IncomeRs. 20,000 per month
Processing Fees2% of the Loan Amount

8. Zincash

Zincash Personal Loan provides same-day loans of up to Rs.2 lakh. This may be completed in minutes without the need for any collateral or security deposit.

It’s the ideal choice for people who want funds immediately but do not want to deal with the hassle of filling out lengthy paperwork and submitting it to many banks.


  • Your age ranges from 21 and 60 years old.
  • You get your monthly income in a bank account whether you work in the private, public, or government sectors.
  • You’ve been with the business for two years.
  • You’ve been at your current employer for at least six months.
  • Every month, a minimum of Rs. 15,000 income is required.
Interest rate16% to 36% per annum
Loan AmountRs. 10,000 to 2 Lakh
Approval ProcessOnline
Loan Tenure180 days to 18 months
Age Required21 years or above
Processing Fees3% + GST
Eligible ForSalaried Person / Self Employed
Also Read: MSME Business Loan

9. Kreditbee

Kreditbee offers a fast Business Loan. This lender provides 3 lakh loans with minimum paperwork and a completely online application process.

You do not need to go out to brunch to apply for a Kreditbee fast loan.


  • The age range should be 21 to 45 years old.
  • Should be an Indian citizen.
  • A Facebook or Google account is required.
  • An aadhaar-linked mobile number is required.
  • Pan Card is required.
  • A bank account is required.
  • Excellent Cibil score.
Interest rate0% to 29.95% per annum
Loan AmountRs. 1,000 to 2 lakh
Approval ProcessOnline
Loan Tenure2 months – 15 months.
Source of IncomeSalaried / Self Employed
Processing Fees1.5%-3% of Loan Amount

10. Cashe

Cashe, an app-based loan, may be able to provide you with a loan of up to Rs. 4 lakh. You will receive an instant personal loan within 24 hours.

Customers may borrow between Rs. 9,000 and Rs. 4 lakh using CASHe for terms ranging from 90 to 540 days.


  • Indian citizen
  • You should be between the ages of 23 and 58.
  • Your monthly salary should be at least Rs. 12000.
  • As a paid employee, you must work for a well-known company.
  • A Facebook, Google+, or LinkedIn account is required.
Interest rate2.75% per month
Loan AmountRs. 9,000 to 4 lakh
Approval ProcessOnline
Loan Tenure90 days to 1.5 years
Eligibility Age23 years to 58 years
Source of IncomeSalaried Person / Self Employed
Monthly IncomeRs. 12,000 per month
Processing Fees2%-3% of the Loan Amount

Why Should Choose the Business Loan Apps?

Now the digital loan is a more fast and more instant process than other banks or NBFC companies. You can get an instant loan without going to brunch.

Here is the following reason to choose the business loan apps:

Instant Approval: You will get instant loan approval through business loan apps. Within 24 hours you will get the loan amount. This is a fully digital process.

Minimum Documents: You can apply for a business loan with minimum documents like a pan card, Aadhaar card, Bank Statement & Trade Licence. This is enough to get the loan.

Without Verification:  Get the business loan without any verification. This fully online process. You can apply for a loan through the home.

EMI Variable: Pay back your loan EMI over a period of 3 to 60 months. Choose an EMI that meets your needs.

FAQs of Business Loan

5/5 (1 Review)